Question

A certain sum of money amount rupee 7028 in 3 year and rupee 8456 in 5 years. Find the sum and the rate of interest

Answer 1

Answer:

R = 14.61% , Sum = 4886

Step-by-step explanation:

From question ,

P + 3PR/100 = 7028 ....(1)

Also, P + 5PR/100 = 8456

Equating above equations, we have :

PR = 71400

So, When R = 14.61 % & P = 4886 from (1)

Answer 2

Answer:

₹ 5600, 8.5%

Step-by-step explanation:

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